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Hines Acquires Industrial Property In City Of Industry For $50M

Property Image
SOLD
$50,000,000
Chadman Soladar
Roy Harel

California

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Industrial151,339 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Hines Acquires Industrial Property In City Of Industry For $50M

16008 Amar Road, City of Industry, California 91744, United States

See Similar Deals
Industrial151,339 SF
Sold
Chadman Soladar
Roy Harel
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$330
Total Square Footage:151339 SF
Transaction Type:Sale

The industrial property located at 16008 Amar Rd. in the City of Industry has been sold in a transaction for $50,000,000. The property spans a total of 151,339 square feet and is situated on 9.38 acres of land. The sale price per square foot amounts to $330.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $50,000,000
  • Address: 16008 Amar Rd.
  • Market: City of Industry
  • Size: 151,339 square feet
  • Price per square foot: $330

The buyer in this transaction is Hines, while the seller is Positive Investments. The deal was facilitated by brokers Roy Harel and Chadman Soladar from Nublock Partners representing the respective parties.

Players

Roy Harel
Nublock Partners
Roy Harel
19 deals$431.1M volume
BROKER
Chadman Soladar
Chadman Soladar
6 deals$184.6M volume
BROKER
Hines
Hines
BROKERAGE
Positive Investments
Positive Investments
BROKERAGE
Hines
Hines
BUYER
Positive Investments
Positive Investments
SELLER

Details

SOLD
IMAGE: Roy Harel & Chadman Soladar DATE: 07/05/2022 ADDRESS: 16008 Amar Rd. MARKET: City Of Industry ASSET TYPE: Industrial ~ ACRES: 9.38 BUYER: Hines SELLER: Positive Investments BROKERS: Roy Harel (@RoyHarel310) & Chadman Soladar (@SoldBySoladar) - Nublock Partners (@NublockPartners) SALE PRICE: $50,000,000 SF: 151,339 ~ PPSF: $330

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,666,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11